Corporate
M&M signs two agreements with SBH for vehicle finance
Auto major Mahindra & Mahindra (M&M) today signed two MoUs with State Bank of Hyderabad (SBH) for vehicle finance. - Yamaha announces foray into racing kits business - TVS launches Flame SR 125 sans twin-spark plug tech - 55,021 applicants retain Tata Nano booking - Bajaj Auto launches advanced Pulsar; priced at Rs 70,000">Bajaj Auto launches advanced Pulsar; priced at Rs 70,000 - Govt"s "Home-Stay" tourism initiative gaining popularity - Ford, Nissan, Tesla to get govt loans: AP source SBH will now be a preferred financier for Mahindra vehicles, encompassing both commercial vehicles and passenger vehicles, a release said here. For commercial vehicles, customers can avail of loan up to 85 per cent of the on-road price of the vehicle, with a tenure of 3-5-years. For passenger ones, customers can avail of loan up to 85 per cent of the on-road price of the vehicle (for loans up to Rs 6 lakh) or up to 70 per cent of the on-road price of the vehicle (for loans above Rs 6- akh) with a tenure of up to 7 years, the release said. "A low interest rate is just one of the benefits of opting for State Bank of Hyderabad as a preferred financier. The bank"s vast national network of over 1,031 branches will also help us make further inroads in upcountry markets where we already have a strong customer base," M&M President, Sales and Customer Care, Automotive Sector, Arun Malhotra, said.instant loans commented:
Hoping these agreements will give good outputs to both of them. Thanks for such post.
24.11.2011